Cameco Co. (NYSE:CCJ) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 51.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,043 shares of the basic materials company’s stock after acquiring an additional 354 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Cameco were worth $54,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. Sierra Ocean LLC acquired a new position in shares of Cameco in the fourth quarter worth about $25,000. Pingora Partners LLC purchased a new stake in Cameco during the 3rd quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco in the 4th quarter valued at approximately $33,000. Compass Planning Associates Inc purchased a new position in shares of Cameco during the 4th quarter valued at approximately $36,000. Finally, First Horizon Advisors Inc. grew its position in shares of Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after buying an additional 351 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of CCJ opened at $41.05 on Tuesday. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 146.61 and a beta of 0.94. The stock has a 50 day moving average of $49.63 and a 200-day moving average of $49.99.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, analysts forecast that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $66.56.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.